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Children’s Place Is On A ‘Slippery Slope,’ Says Bearish Analyst: ‘There’s Little Margin For Error’

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Shares of Children’s Place Inc (NASDAQ: PLCE) tanked in premarket trading on Tuesday as shares declined by 30.7% to $11.36 at last check Tuesday.

The retailer likely needs $50 million to $75 million in funding to run the business with the “proper inventory and resource levels,” according to B Riley Securities analyst Jeff Lick.

The Children’s Place Analyst: Lick downgraded the rating for Children’s Place from Neutral to Sell, while lowering the price target from $19 to $4.

Check out other analyst stock ratings.

The Children’s Place Thesis:

Full story available on Benzinga.com

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